Rio de Janeiro: Brazil's Football Confederation (CBF) on Monday said it had accepted coach Luiz Felipe Scolari's offer to resign along with his backroom team.

Luiz Felipe Scolari

Scolari made the offer Saturday after his side, already humbled 7-1 in their World Cup semi-final by eventual winners Germany, slumped 3-0 to Holland in the match for third place.

Outgoing CBF chairman Jose Maria Marin accepted the offer while thanking Scolari, 65,and his staff for taking the Brazilians to fourth place and also winning last year's Confederations Cup.

"Scolari and all of his technical commission deserve our respect and thanks. They were responsible for restoring the people's love of the Seleção, even if they did not reach their main objective," said Marin, who hands over to Marco Polo Del Nero next year.